Cindy is considering retiring at age 55 and beginning her pension plan payouts at age 55 (normally scheduled to begin at age 65).  She is told she will receive 70% of her normal payout if she begins accepting money at age 55.  Her payout at age 65 is scheduled to be $6,500 per month. 

If she elects to begin payouts at age 55, how much will she receive each month?

Answer rating: 100% (QA)

If Cindy chooses to begin payouts from her pension plan at age 55 shes informe... View the full answer